Fidelity SPDR Advertisement
Home > Boards > Free Zone > All Fundamentals > Natural Resources/The Global Demographic Tailwind

Correct. New supply of iron ore anywhere in

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DewDiligence Member Profile
Member Level 
Followed By 478
Posts 80,614
Boards Moderated 23
Alias Born 09/05/02
160x600 placeholder
U.s. Gdp Expanded At 4.2% Rate In 2q
The U.S. economy's second-quarter rebound was more robust than previously estimated and corporate profits surged, putting the recovery back on track as it ended its fifth year.
More Top Equities Stories Of The Day
J.P. Morgan Working With Law Enforcement on Cyber Attack -- Update
U.S. Hot Stocks: Hot Stocks to Watch
Ex-LPL Broker Ordered to Pay Nearly $2 Million
Fed Presidents Lockhart And Fisher Were Active Personal Asset Traders In 2013
Stocks Drift Between Gains, Losses
J.P. Morgan Working With Law Enforcement on Cyber Attack -- 3rd Update
S&P 500 Closes Above 2000 for First Time
U.S. Hot Stocks: Hot Stocks to Watch
DewDiligence Member Level  Saturday, 03/17/12 06:01:57 PM
Re: Democritus_of_Abdera post# 4585
Post # of 8775 
Correct. New supply of iron ore anywhere in the world—assuming it happens at all—will have a higher operating cost per ton than the existing mines of large and mid-sized companies such as BHP, VALE, and CLF.

Iron-ore mines in China have an especially high operating cost due to the low ore quality, and they generally shut down quickly during a period of price weakness (such as what occurred in 2009).

VALE’s executives make these points ad nauseam on the company’s quarterly CC’s.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist